Daily Gold Market Update - 06 October 2026

Daily Gold Market Update - 06 October 2026

Status: Confirmed pullback alert
Instrument: COMEX gold futures (XAU/USD proxy) (GC=F)
Price: 4149.4
Downside score: 67/100

Technical Read

MetricValue
20-day average4317.97
50-day average4367.84
RSI (14)33.3
MACD / signal-67.858 / -44.47
Five-day change-0.46%

Estimated Indian Gold Rates

24K: ₹149,170 per 10g
22K: ₹136,740 per 10g

Session24K ₹/10g22K ₹/10g
30 Sep₹149,570₹137,100
01 Oct₹149,240₹136,800
02 Oct₹150,280₹137,750
03 Oct₹149,180₹136,750
04 Oct₹149,180₹136,750
05 Oct₹149,180₹136,750
06 Oct₹149,170₹136,740

Seven-Session 24K Trend

30 Sep01 Oct02 Oct03 Oct04 Oct05 Oct06 Oct₹150,280/10g₹149,170/10g

Next-Session Scenario Forecast

Bias: Mild bearish bias
24K range: ₹146,655 - ₹151,685 per 10g; central scenario ₹147,996
22K range: ₹134,435 - ₹139,045 per 10g; central scenario ₹135,664

  • rising equities favor risk appetite
  • global news retains safe-haven themes
  • Fed and inflation headlines pressure gold
  • a rising dollar would pressure gold

Macro Inputs

FactorLatestFive-day change
US Dollar Index102.1810.97%
US 10Y Yield5.3111.35%
VIX15.52-3.42%
S&P 5007773.951.17%
USD/INR96.30.33%
Crude89.71-3.12%

Signal Factors

  • price below 20-day average
  • 20-day average below 50-day average
  • RSI below 45
  • MACD below its signal
  • new 20-day closing low
  • US dollar index rising
  • equity risk appetite improving
  • news includes gold-bearish macro themes
  • news includes safe-haven support themes

Relevant News Themes

  • Gold prices rise after weak September jobs report dims Fed rate hike - qz.com
  • Gold steady near $4,138 as Fed rate hike odds f... - Pluang
  • Russian gold floods Hong Kong as Western sanctions redraw bullion trade - CNBC

Hyderabad rates are sourced from Goodreturns and are indicative city retail rates before GST, jeweller premium, making charges, and local taxes. USA, China, Russia, war, tariffs, Trump-related policy, and other geopolitical events are classified as news context only; they do not independently create an alert. The forecast is a scenario range, not a guarantee. This is educational market research, not investment advice.

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